Ray Dalio, head of Bridgewater, the world’s largest hedge fund, personally made $3.9bn in a year that his $70bn Pure Alpha fund produced $13.8bn of investment profits for its investors, according to industry rankings.
He tops a list published Friday by AR magazine of the richest 25 hedge fund managers. The select group took home $14.4bn in pay and paper profits on their own investments last year, down from $22bn in 2010 in a sign of the industry’s struggle to deliver returns for its clients in 2011.
